Nippon India NIFTY India Manufacturing Index Fund vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India NIFTY India Manufacturing Index Fund is a mutual fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund is a mutual fund. In the year to 30-10-2026, Nippon India NIFTY India Manufacturing Index Fund (Direct) returned −2.0% and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) returned −2.4%. Nippon India NIFTY India Manufacturing Index Fund charges 0.36% a year and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund 0.58% (Direct plans). Their portfolios overlap 65.4%: they hold 41 of the same securities.
Nippon India NIFTY India Manufacturing Index Fund
- 1 year return
- −2.0%
- Expense ratio
- 0.36%
- NAV
- ₹10.41
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
- 1 year return
- −2.4%
- Expense ratio
- 0.58%
- NAV
- ₹11.57
Which is better, Nippon India NIFTY India Manufacturing Index or Tata Nifty500 Multicap India Manufacturing 50:30:20 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India NIFTY India Manufacturing Index returned more over 1 year: −2.0% against −2.4%.
- Nippon India NIFTY India Manufacturing Index costs less: 0.36% a year against 0.58% (Direct plans).
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index fell less in its worst fall since 28-08-2025: −12.0% against −12.8%.
- Nippon India NIFTY India Manufacturing Index holds more in large companies: 69.2% of the fund in large caps against 50.2%.
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index is the larger fund: ₹133 Cr against ₹41 Cr.
- Their portfolios overlap 65.4%: 41 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Nippon India NIFTY India Manufacturing Index Fund | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Tata Mutual Fund |
| Category | Not available | Not available |
| AUM | ₹41 Cr (30-09-2026) | ₹133 Cr (30-09-2026) |
| NAV | ₹10.41 (Direct) | ₹11.57 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.58% |
| Expense ratio (Regular) | 0.90% | 1.13% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
Nippon India NIFTY India Manufacturing Index vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Nippon India NIFTY India Manufacturing Index Fund (Direct) | −3.57% | −7.55% | −3.72% | −1.97% | -- | -- | -- |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | −2.79% | −6.22% | −2.54% | −2.40% | -- | -- | -- |
Nippon India NIFTY India Manufacturing Index vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Year-wise Returns
| Year | Nippon India NIFTY India ManufacturingNippon India NIFTY India Manufacturing Index | Tata Nifty500 Multicap India Manufacturing 50:30:20Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| 2026to date | −2.73% | −2.35% |
| 2025 | -- | +8.51% |
Nippon India NIFTY India Manufacturing Index vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Rolling Returns
Every holding period of both funds, against Nifty India Manufacturing TRI, the benchmark of Nippon India NIFTY India Manufacturing Index Fund
Rolling returns
Every 1-year holding period, 41 of them, one for each trading day from 28-08-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Nippon India NIFTY India Manufacturing Index Fund (Direct)
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
to
Sept 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India NIFTY India Manufacturing Index | 14.6 | 36.6 | 29.3 | 14.6 | 4.9 | 0.0 | 0.0 | 4.8% | 4.6% | −3.6% | 17.0% | 0% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index | 24.4 | 39.0 | 26.8 | 9.8 | 0.0 | 0.0 | 0.0 | 3.6% | 2.9% | −4.7% | 14.4% | 0% |
| Nifty India Manufacturing TRI | 14.6 | 36.6 | 29.3 | 14.6 | 4.9 | 0.0 | 0.0 | 5.2% | 5.0% | −3.4% | 17.4% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty India Manufacturing TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 28-08-2025. Past returns do not promise future returns.
Nippon India NIFTY India Manufacturing Index vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 28-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India NIFTY India Manufacturing IndexNippon India NIFTY India Manufacturing Index Fund (Direct) | ₹1,50,000 | ₹1,46,680 | −₹3,320 | −3.4% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | ₹1,50,000 | ₹1,48,291 | −₹1,709 | −1.7% |
Nippon India NIFTY India Manufacturing IndexNippon India NIFTY India Manufacturing Index Fund (Direct)
Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Nippon India NIFTY India Manufacturing Index vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India NIFTY India Manufacturing Index Fund (Direct) | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.97% | −2.40% |
| Standard deviation | 15.83% | 15.71% |
| Sharpe ratio | -0.46 | -0.49 |
| Sortino ratio | -0.61 | -0.65 |
| Maximum drawdown | −12.8% (23-10-2026) | −12.0% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.28% | −0.65% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Nippon India NIFTY India Manufacturing Index Fund (Direct) | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.15% | +5.86% |
| Standard deviation | 15.07% | 16.41% |
| Sharpe ratio | -0.08 | 0.00 |
| Sortino ratio | -0.10 | 0.00 |
| Maximum drawdown | −12.8% (23-10-2026) | −21.3% (07-04-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.33% | −0.65% |
From daily NAVs, 28-08-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Nippon India NIFTY India Manufacturing Index Fund (Direct)
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India NIFTY India Manufacturing Index Fund (Direct) | −12.8% | 07-08-2026 | 23-10-2026 | Not yet | -- | −10.6% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | −12.0% | 07-08-2026 | 23-10-2026 | Not yet | -- | −9.2% |
| Nifty India Manufacturing TRI | −12.8% | 07-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 28-08-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Nippon India NIFTY India Manufacturing Index Fund (Direct)
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
Against Nifty India Manufacturing TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India NIFTY India Manufacturing Index Fund (Direct) | 99% | 100% | 0.12% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | 94% | 96% | 3.16% |
From month-end values since 28-08-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Nippon India NIFTY India Manufacturing Index vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India NIFTY India Manufacturing Index Fund, September 2026; Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, September 2026
Holdings in common
- Overlap
- 65.4%
- Held by both
- 41
- Only in Nippon India NIFTY India Manufacturing Index
- 36
- Only in Tata Nifty500 Multicap India Manufacturing 50:30:20 Index
- 34
| Security | % of Nippon India NIFTY India Manufacturing Index | % of Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Mahindra & Mahindra Limited | 4.99% | 5.89% |
| Reliance Industries Limited | 4.97% | 9.93% |
| Sun Pharmaceutical Industries Limited | 4.60% | 4.30% |
| Maruti Suzuki India Limited | 3.72% | 3.48% |
| Tata Steel Limited | 3.66% | 3.42% |
| Bharat Electronics Limited | 3.33% | 3.11% |
| Hindalco Industries Limited | 3.26% | 3.05% |
| JSW Steel Limited | 2.89% | 2.70% |
| Bajaj Auto Limited | 2.84% | 2.65% |
| Divi's Laboratories Limited | 2.82% | 2.64% |
| Eicher Motors Limited | 2.36% | 2.20% |
| Hindustan Aeronautics Limited | 2.12% | 1.98% |
| Laurus Labs Limited | 1.84% | 2.35% |
| Cipla Limited | 1.81% | 1.69% |
| Dr. Reddy's Laboratories Limited | 1.80% | 1.68% |
| Tata Motors Passenger Vehicles Limited | 1.42% | 1.32% |
| Dixon Technologies (India) Limited | 1.31% | 1.66% |
| Bharat Forge Limited | 1.28% | 1.63% |
| GE Vernova T&D India Limited | 1.24% | 1.58% |
| Lupin Limited | 1.18% | 1.50% |
| Suzlon Energy Limited | 1.15% | 1.46% |
| Aurobindo Pharma Limited | 1.11% | 1.41% |
| Ashok Leyland Limited | 1.06% | 1.34% |
| APL Apollo Tubes Limited | 0.95% | 1.21% |
| Sona BLW Precision Forgings Limited | 0.89% | 1.44% |
| SRF Limited | 0.86% | 1.09% |
| Welspun Corp Limited | 0.85% | 1.37% |
| Alkem Laboratories Limited | 0.75% | 0.95% |
| Navin Fluorine International Limited | 0.73% | 1.17% |
| UPL Limited | 0.72% | 0.92% |
| KEI Industries Limited | 0.66% | 0.84% |
| Tube Investments of India Limited | 0.61% | 0.77% |
| Havells India Limited | 0.61% | 0.78% |
| Voltas Limited | 0.58% | 0.74% |
| Page Industries Limited | 0.55% | 0.70% |
| Supreme Industries Limited | 0.53% | 0.68% |
| PI Industries Limited | 0.45% | 0.57% |
| Himadri Speciality Chemical Limited | 0.38% | 0.62% |
| Amber Enterprises India Limited | 0.35% | 0.56% |
| Crompton Greaves Consumer Electricals Limited | 0.32% | 0.52% |
| Kaynes Technology India Limited | 0.26% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 65.4% means 65.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Nippon India NIFTY India Manufacturing Index Fund
| Security | % of fund |
|---|---|
| TVS Motor Company Limited | 2.31% |
| Tata Motors Ltd | 2.11% |
| Samvardhana Motherson International Limited | 1.72% |
| Torrent Pharmaceuticals Limited | 1.69% |
| Vedanta Aluminium Metal Limited | 1.67% |
Largest holdings only in Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
| Security | % of fund |
|---|---|
| HERO MOTOCORP LTD | 2.07% |
| BHARAT HEAVY ELECTRICALS LTD | 1.84% |
| GLENMARK PHARMACEUTICALS LTD | 1.07% |
| ATHER ENERGY LTD | 1.04% |
| HINDUSTAN PETROLEUM CORPORATION LTD | 1.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India NIFTY India Manufacturing Index | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | Nippon India NIFTY India Manufacturing Index | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Large Cap | 69.2% | 50.2% |
| Mid Cap | 27.6% | 31.3% |
| Small Cap | 3.2% | 18.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Nippon India NIFTY India Manufacturing Index | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 18.5% | 23.9% |
| Automobiles | 18.3% | 19.0% |
| Petroleum Products | 7.6% | 11.3% |
| Ferrous Metals | 7.6% | 6.1% |
| Electrical Equipment | 7.0% | 5.1% |
| Auto Components | 7.0% | 5.9% |
| Industrial Products | 6.3% | 6.3% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India NIFTY India Manufacturing Index vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India NIFTY India Manufacturing Index Fund | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.58% |
| Base expense ratio (Direct) | 0.21% | 0.39% |
| Total expense ratio (Regular) | 0.90% | 1.13% |
| Base expense ratio (Regular) | 0.67% | 0.90% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Nippon India NIFTY India Manufacturing Index Fund vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund: Frequently Asked Questions
What is the difference between Nippon India NIFTY India Manufacturing Index Fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Nippon India NIFTY India Manufacturing Index Fund is a mutual fund, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund is a mutual fund, run by Nippon India Mutual Fund and Tata Mutual Fund. Their portfolios overlap 65.4%. Nippon India NIFTY India Manufacturing Index Fund charges 0.36% a year and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund 0.58%.
Which has given higher returns, Nippon India NIFTY India Manufacturing Index Fund or Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Over 1 year: Nippon India NIFTY India Manufacturing Index Fund −1.97%, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund −2.40%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India NIFTY India Manufacturing Index Fund or Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Nippon India NIFTY India Manufacturing Index Fund charges less: 0.36% a year against 0.58%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India NIFTY India Manufacturing Index Fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund overlap?
65.4%. They hold 41 of the same securities, the largest shared ones being M&M, RELIANCE, SUNPHARMA. From each fund's latest monthly portfolio.
Can I invest in both Nippon India NIFTY India Manufacturing Index Fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Yes. 65.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.